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Kimberly-Clark Announces Year-End 2020 Results And 2021 Outlook
January 25, 2021 GMT
DALLAS, Jan. 25, 2021 /PRNewswire/ Kimberly-Clark Corporation (NYSE: KMB) today reported year-end 2020 results and provided its 2021 outlook.
Executive Summary
Fourth quarter 2020 net sales of $4.8 billion increased 6 percent compared to the year-ago period, including organic sales growth of 5 percent. Full-year 2020 net sales of $19.1 billion increased 4 percent, with organic sales up 6 percent.
Diluted net income per share for the fourth quarter was $1.58 in 2020 and $1.59 in 2019. Full-year diluted net income per share was $6.87 in 2020 and $6.24 in 2019.
Fourth quarter adjusted earnings per share were $1.69 in 2020 compared to $1.71 in 2019. Adjusted earnings per share exclude certain items described later in this news release.
Herman Miller Reports Second Quarter Fiscal 2021 Results
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Retail and International momentum helps offset near-term demand pressures in North America Contract
Gross margin of 39.0% reflects an increase of 110 basis points from last year
Strong expense control with operating expenses down $18.1 million from last year
Continued quarterly operating margin expansion over the prior year, including Retail operating margin of 16.7%
Webcast to be held Thursday, December 17, 2020, at 9:30 am ET
Second Quarter Fiscal 2021 Financial Results
(Unaudited)
November 28,
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To our shareholders:
We hope you remain safe and well as we all continue to navigate the challenges associated with the COVID-19 pandemic.